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The income limits for claiming the tax credit were raised when the tax credit was extended. Are the higher limits retroactive?

November 10, 2009 by

Viewed 290 Times0 CommentsDate : 10.11.2009

Author: Iverson Admin

No. The new income limits are only applicable to purchases occurring after November 6, 2009. The income limits for sales occuring on or after January 1, 2009 and on or before November 6, 2009 are $75,000 for single taxpayers and $150,000 for married couples filing jointly.